Financial 15 Split Corp T.FTN

Alternate Symbol(s): T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund, which invests in a portfolio consisting of over 15 financial services companies. The Company offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to Preferred Shares are to provide holders of Preferred Shares with cumulative preferential monthly cash dividends in an amount of over 6.75% annually and to pay the holders of the Preferred Shares approximately $10 per Preferred Share on or about the termination date. Its investment objectives with respect to Class A Shares are to provide holders of Class A Shares with regular monthly cash distributions and to permit holders to participate in all growth in the net asset value of the Company over $15 per unit, by paying holders on or about the termination date such amounts as remain in the Company after paying over $10 per Preferred Share. The Company’s investment manager is Quadravest Capital Management Inc.

TSX:FTN - Post by User

Financial 15 Split Corp > FTN unit nav to OCT 25 = approx: $19.40

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Post by mousermanon Oct 25, 2024 5:00pm

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Post# 36282764

FTN unit nav to OCT 25 = approx: $19.40

SHowing only a gain of 5 cents since the OCt 15 update.. and commons now valued at $9.19 after distributions are factored in. The big discount is nearly gone.. Before dist. it would be 50 cents but after dist. only 29 cents. or about 3 %
FTN did finish up on the day, which was a bit of a surprise.. maybe some now looking more for safety and a good yield rather than chasing those with higher yields and less safety.

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